ACE*COMM Corporation (NASDAQ:ACEC), a global provider of network business intelligence and advanced operations support systems (OSS) solutions, today reported financial results for the fourth quarter and fiscal year 2006, both ending June 30, 2006.
For the year ended June 30, 2006, the Company recorded revenues of $26.7 million, compared to $20.0 million for fiscal year 2005. The Company had net income and income per fully diluted share of $0.3 million and $0.02, respectively, compared to a net loss and loss per fully diluted share of $6.5 million and $0.44 for fiscal year 2005. Revenues for the fourth quarter 2006 totaled $6.5 million compared to $6.8 million for the same quarter in fiscal year 2005. Net loss for the quarter was $0.5 million, or $0.03 per fully diluted share, compared to net income of $0.3 million, or $0.02 per fully diluted share for the same quarter a year ago. [Read more…]